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Dec 10, 2012
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bush now an economics prof s professor at harvard and ron johnson, director at the institute for new economic thinking and a senior fellow at the roosevelt institute. skwre, good to have you both
bush now an economics prof s professor at harvard and ron johnson, director at the institute for new economic thinking and a senior fellow at the roosevelt institute. skwre, good to have you both
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Dec 27, 2012
12/12
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they told they're all in with ron johnson, obviously, many of these fund managers are all in with ron johnson, too. those are guys i don't want to bet against, especially the stock traded down to 16 bucks. >> in terms of psychology, everything we talked about from jason coming on the show, talk in ing about a bond friendly world to uncertainty, there's no room for error for investments. maybe jc penney works or best buy works but you can't take the shot in this environment. you won't get it why. >>> and the gold trade has hardly budged. why is that? we'll head to the pits to find out. >>> housing on track for the first yearly gain in more than six years. a look whether the trend continues in 2013 and the best housing stock ahead. >>> shares of delta soaring more than 40% and we will debate whether the stock is on au autopilot or due to land. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose
they told they're all in with ron johnson, obviously, many of these fund managers are all in with ron johnson, too. those are guys i don't want to bet against, especially the stock traded down to 16 bucks. >> in terms of psychology, everything we talked about from jason coming on the show, talk in ing about a bond friendly world to uncertainty, there's no room for error for investments. maybe jc penney works or best buy works but you can't take the shot in this environment. you won't get...
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Dec 7, 2012
12/12
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he tried to run ron johnson against him. he wants to move the republican senate to the hardest possible right position. how can he do that if he leaves the senate? big question. >> i think bob has it 100% right. he will have a bigger stick -- >> in the senate? >> no, at the heritage foundation. he doesn't have to worry about voting on issues he doesn't care about or being the bad republican like he did this week and was criticizing boehner for rolling over, as he saw it, on the deal with obama. >> everybody is playing this down. i don't. eric ericsson wrote his supporters an e-mail saying this, without jim demint we would most likely not presently have in the united states senate pat toomey, rand paul, mike lee, marco rubio, jeff flake, ron johnson, ted cruz. we would not have a republican establishment that worries that conservatives might actually primary them. demint also had backed candidates who went on to lose their general elections. richard mourdock in indiana, christine o'donnell in delaware, ken buck out in colorad
he tried to run ron johnson against him. he wants to move the republican senate to the hardest possible right position. how can he do that if he leaves the senate? big question. >> i think bob has it 100% right. he will have a bigger stick -- >> in the senate? >> no, at the heritage foundation. he doesn't have to worry about voting on issues he doesn't care about or being the bad republican like he did this week and was criticizing boehner for rolling over, as he saw it, on...
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Dec 10, 2012
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the question now, is ron johnson's new strategy too little too late? let's welcome jpmorgan's senior retail analyst. matthew, great to see you. >> thank you. >> is this a switch in strategy or is this just desperation to get rid of inventory that's built up? >> i think it's a little bit of both, so, you know, i think that the moves that we've seen, you know, five pricing changes over the last 60 days, i think is more a result of sales trends that are clearly below as well as building inventory. but i think there's flexibility on johnson's part, heading into next year. i think the customers clearly voted that without sales, jcpenney is not their top destination. and so i think as you head into next year, jcpenney potentially is considering more of a hybrid model of sales, maybe more on basics, but trying to keep full price in some of their more contemporary and fast fashion brands. >> hey, matt, brian kelly. the whole jcpenney story is on the fact that some day, ron johnson will be able to have every store out there, the way he wants it to look. if, for
the question now, is ron johnson's new strategy too little too late? let's welcome jpmorgan's senior retail analyst. matthew, great to see you. >> thank you. >> is this a switch in strategy or is this just desperation to get rid of inventory that's built up? >> i think it's a little bit of both, so, you know, i think that the moves that we've seen, you know, five pricing changes over the last 60 days, i think is more a result of sales trends that are clearly below as well as...
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Dec 18, 2012
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the stores of ron johnson have been able to revamp and institute his new model of a collection of boutiques. those stores have seen the revenues double. only 10% of the stores have been revamped, but if they can continue to maintain cash flow long enough. >> i don't like what ron johnson is doing. since this guy's taken over this stock has done nothing but go down. it was about the product, not the concept. anyone could have sold ipads and ipad minis and iphones over the year, the complete opposite and failure at jv penny the want to avoid those shares. >> rich, of course, the stock has done poorly, but it's done much better since the ipo of groupon of the you've been much better served actually being in j.c. penney than being in groupon. i would also say this. i think there is a cushion you have in j.c. penney than not groupon and that's the real estate. arguably the real estate of jc penny is worth more than the market cap of the company. with the underlying protection i think you have a bit of a free call on bill actman, one of the greatest investors of our time, and on ron johnson who h
the stores of ron johnson have been able to revamp and institute his new model of a collection of boutiques. those stores have seen the revenues double. only 10% of the stores have been revamped, but if they can continue to maintain cash flow long enough. >> i don't like what ron johnson is doing. since this guy's taken over this stock has done nothing but go down. it was about the product, not the concept. anyone could have sold ipads and ipad minis and iphones over the year, the...
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Dec 31, 2012
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i know ron johnson was on earlier. and i think the last thing we need to do with another one of these disasters is have another back room deal. i mean, we could have actually done this on the senate floor, there was a willingness by democrats and republicans, seriously, just to -- we could have passed this out on the senate floor over the last 72 hours. you guys could have watched the nation could have watched, it would have been a healthy thing. so, so my point is that the president will come forward with that list instead of in private negotiations with speaker boehner. seriously, this would be a very healthy thing over the next 75 days. >> let's let jared get his question in? >> senator corker, this is jared. it's great to hear you this morning. one of your colleagues this morning said something to the effect that the u.s. economy's biggest enemy right now is the u.s. congress. and when you hear you talk about the debt ceiling and the dollar for dollar trade you're talking about the president said he doesn't want to
i know ron johnson was on earlier. and i think the last thing we need to do with another one of these disasters is have another back room deal. i mean, we could have actually done this on the senate floor, there was a willingness by democrats and republicans, seriously, just to -- we could have passed this out on the senate floor over the last 72 hours. you guys could have watched the nation could have watched, it would have been a healthy thing. so, so my point is that the president will come...
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Dec 24, 2012
12/12
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jc penney which is actually on your loser list even though they are up today. >> ron johnson who used to run the apple stores came in there. very creative and said every day low pricing, it didn't work. okay? people said they want their coupons. basically since thanksgiving, they have changed and they are now doing the couponing and discounting. david: does johnson got it right now? >> well, possibly. i don't think it has a long-term future actually. there's so much competitive pressure they are way behind. shibani: i feel like the value proposition and sort of the identity -- >> that's right. people aren't going there to take a -- the stores are empty right now. david: groupon is on your loser list. >> absolutely. well, this whole kind of on-line discount shopping for merchants seems trendy, remember the stock went public at $20 a share now it's like 4 or something. david: big pop down today, down 3%. kohl's also on the loser list. >> that's right. again, if there's not a compelling reason -- they are kind of in the middle area which is not where things have been. those have been big
jc penney which is actually on your loser list even though they are up today. >> ron johnson who used to run the apple stores came in there. very creative and said every day low pricing, it didn't work. okay? people said they want their coupons. basically since thanksgiving, they have changed and they are now doing the couponing and discounting. david: does johnson got it right now? >> well, possibly. i don't think it has a long-term future actually. there's so much competitive...
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Dec 20, 2012
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do you have confidence in ron johnson? >> enormous company. >> what about the strategy that seems to have turned a little bit during the holiday season, moving more towards discounts than previously articulate et. >> sure. i have confidence in ron johnson, because he is a ceo. when the facts don't work out the way he thought, he does something else. they had thanksgiving day sale, promotions during christmas. i suspect if we get good results from that, you will see more of that. >> could see more of that. >> yes. >> bill ackman, thank you for joining us. back to you guys. >> andrew, thank you very much. to kate kelly now because herbalife is responding and kate has late-breaking details on that. kate? >> thank you, sue. just to reiterate, response to ackman from herb al life. saying mr. ackman has previously said to beware of companies. we asked to be part of the call today, he refused. his miss statements are mistakes are too numerous to address immediately. once again, michael johnson, their ceo yesterday, called claims
do you have confidence in ron johnson? >> enormous company. >> what about the strategy that seems to have turned a little bit during the holiday season, moving more towards discounts than previously articulate et. >> sure. i have confidence in ron johnson, because he is a ceo. when the facts don't work out the way he thought, he does something else. they had thanksgiving day sale, promotions during christmas. i suspect if we get good results from that, you will see more of...
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Dec 30, 2012
12/12
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joining us for a closer look at the fiscal cliff negotiations, ron johnson, a member of the appropriations and budget committees in the senate. thank you for taking a break from a busy time to visit with us. >> thank you. >> i want to get a response from the comments to the president. he said that g.o.p. can't take yes for an answer. is there an offer that would have been acceptable to the house or the senate g.o.p.? >> not that i am aware. people throw the numbers around, like there is a deal, $1 revenue for $3 spending cuts, i have never seen those deals. senator harry reid should have made sure the senate passed a budget, sometime in the past 3 years and that would be reconciled with the house and you would have a framework, you know, a budget resolution that the committee -- the appropriations committee, the house ways & means committee, senate finance committee, they would have the instructions to work on the difficult problems npublic. have a public debate. we are down now to the 59th minute of 11th hour here and have you a couple of elected officials and unelected staffs behind clos
joining us for a closer look at the fiscal cliff negotiations, ron johnson, a member of the appropriations and budget committees in the senate. thank you for taking a break from a busy time to visit with us. >> thank you. >> i want to get a response from the comments to the president. he said that g.o.p. can't take yes for an answer. is there an offer that would have been acceptable to the house or the senate g.o.p.? >> not that i am aware. people throw the numbers around,...
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Dec 18, 2012
12/12
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thank you, senator ron johnson of wisconsin. we appreciate it very much. back to the fiscal cliff. speaker boehner seems to be okay with a millionaire's tax. very interesting. the question is will taxing millionaires more really work? me, i say heck no. but we're going to have a debate right after this. don't forget, free market capitalism is the best path to prosperity. how about flat tax rates and strict budgetary limits? help those who need help and stop the boondoggles. i'm kudlow. we'll be right back. [ female announcer ] if you care for someone with mild to moderate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as the dose incre
thank you, senator ron johnson of wisconsin. we appreciate it very much. back to the fiscal cliff. speaker boehner seems to be okay with a millionaire's tax. very interesting. the question is will taxing millionaires more really work? me, i say heck no. but we're going to have a debate right after this. don't forget, free market capitalism is the best path to prosperity. how about flat tax rates and strict budgetary limits? help those who need help and stop the boondoggles. i'm kudlow. we'll be...
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Dec 14, 2012
12/12
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the reality is ron johnson we all know came in. he was a rock star at avalanche he is going to turn this whole thing upside down and reinvent the department store. forget sales and promotions, that is not how you do it. he has never been in a j.cc penney and it is a lot harder than selling apple products. stock has had a huge roll up, it went and got hammered and has been coming back and the law firm there saying they got their act together, jpmorgan, they're bringing back this discount, they're bringing back promotions, they have a friend and family thing. this is what i like. i am a volume die. the volume has been phenomenal. i believe 95% of all news in the market somebody knew the day before it came out or the week before it came out despite the rules. something is going on. there's a 43% short position on the stock. if there is good news, there could be asia huge pop to the upside. unlike tim clark, ron johnson is considered a celebrity ceo and might get the benefit of the doubt. it is i ridge the idea but could be a huge shor
the reality is ron johnson we all know came in. he was a rock star at avalanche he is going to turn this whole thing upside down and reinvent the department store. forget sales and promotions, that is not how you do it. he has never been in a j.cc penney and it is a lot harder than selling apple products. stock has had a huge roll up, it went and got hammered and has been coming back and the law firm there saying they got their act together, jpmorgan, they're bringing back this discount,...
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Dec 11, 2012
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ron johnson probably read a few too many of his press clippings. if you watch the investor day he did a few months back when he first came to jcpenney, people thought he was crazy when he went to target and went to apple. and then he talks about how he went to steve jobs' house, saying, steve, i'm leaving for jcpenney. and he said, are you crazy? and he's saying, target was great, i went to apple was great and now we're in the same position with jcpenney and i'm going to work the same magic there. no, you can run shotgun with steve jobs all day long. steve jobs was the retail architect. >> we should note, andrew mason isn't on the list either. rocco joining us. >> thank you, guys. >> earlier this hour, you heard democratic senator mark warner's take on the fiscal cliff. now republican senator john barraso is coming up. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? hap
ron johnson probably read a few too many of his press clippings. if you watch the investor day he did a few months back when he first came to jcpenney, people thought he was crazy when he went to target and went to apple. and then he talks about how he went to steve jobs' house, saying, steve, i'm leaving for jcpenney. and he said, are you crazy? and he's saying, target was great, i went to apple was great and now we're in the same position with jcpenney and i'm going to work the same magic...
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Dec 11, 2012
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joining us now senator ron johnson, republican from wisconsin. thanks so much for coming. >> good morning. >> i'm getting worried here. because clock is ticking. should we allow a vacation without legislation? >> no, i'm happy to stay here until we get this thing fixed. understand how absurd this process is. we've done this with the debt ceiling. with the super committee. now we're back here again where we've got two people, and they're unelected staffs negotiating the financial future of america. i mean this is absolutely absurd. and why is that? it's because the democrats haven't shown us their plan. we have nothing to compromise with. listen, i'm happy to work with anybody, who's willing to first acknowledge the problem. and then work with me in good faith to fix it. but i don't see that from the other side. i mean the house has passed two budgets, including proposals to save medicare. the democrats in the senate have not passed a budget in three years. they haven't voted for any plan whatsoever because they don't want their fingerprints on a
joining us now senator ron johnson, republican from wisconsin. thanks so much for coming. >> good morning. >> i'm getting worried here. because clock is ticking. should we allow a vacation without legislation? >> no, i'm happy to stay here until we get this thing fixed. understand how absurd this process is. we've done this with the debt ceiling. with the super committee. now we're back here again where we've got two people, and they're unelected staffs negotiating the...
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Dec 27, 2012
12/12
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his surprise winners and losers for the holiday including ron johnson. craig johnson says j.c. penney is turning around, quote, as we speak and apple's stores, johnson's previous store, saw foot traffic peaking and started to decline. sales growth won't be as strong as before, but those still having hope on the holiday include the international council of shopping and goldman sachs and they need to work on that name. they say sales this week, they believe, will raise all of december sales from the current 3% to as much as 5%. that would be huge. back to you. >> jane, thank you very much. all right. another cliff out there, the frequent flier cliff, all right? but you don't have to get on a plane maybe to protect your miles. brian kelly is here. he is the pointsky.com. going to be brief. got to get right into it because of the headlines. how do we save our points and maximize our points flying this holiday season? >> elite status is everything. >> everybody's got it, it seems. >> i know. that's why you've got to get top tier status. >> good grief. >> the airlines will sell you e
his surprise winners and losers for the holiday including ron johnson. craig johnson says j.c. penney is turning around, quote, as we speak and apple's stores, johnson's previous store, saw foot traffic peaking and started to decline. sales growth won't be as strong as before, but those still having hope on the holiday include the international council of shopping and goldman sachs and they need to work on that name. they say sales this week, they believe, will raise all of december sales from...
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this is ron johnson, the guy who invented the genius bar. november 2012, this guy gives a sort of talks to the industry, everybody says i have a strategy, know what works, the stock tumbles, craters to $16 per share. bringing us to today. it is not confirmed, but maybe ron johnson is leaving the company. think about that for a moment of the stock is up on strong volume. just imaaine that. for the craziest reason of all going back a few years ago. melissa: what was the nauseous? >> missing the rally. lori: what is a good color tomorrow? sandracharles: what was the colf the year this year? melissa: tangerine? charles: of course. melissa: i am lucky. lori: i've never even heard that be described as a color. charles: tangerine. all right. lori: let's check the market with nicole watching wall street. nicole: watching green. looking at men's warehouse. a completely different picture. you see a down arrow decisively for men's warehouse. they came up with a number, but they have t had to cut their fur profit outlook. so with that we see the stock a
this is ron johnson, the guy who invented the genius bar. november 2012, this guy gives a sort of talks to the industry, everybody says i have a strategy, know what works, the stock tumbles, craters to $16 per share. bringing us to today. it is not confirmed, but maybe ron johnson is leaving the company. think about that for a moment of the stock is up on strong volume. just imaaine that. for the craziest reason of all going back a few years ago. melissa: what was the nauseous? >> missing...
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Dec 27, 2012
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a big year ahead for ceo ron johnson, leads us to craig johnson's list of disappointments, ron johnson's old employer, apple, outside the apple store in the grove yesterday in l.a., yes, you heard me, he dissed apple. well, kind of. a little. >> apple's been -- has had a tremendous success story for any number of years now, but we think in terms of traffic and what we see at the stores, things have peaked out a little bit. so, they will still have a good season, still be up strong double digits but wouldn't be the outsized growth we have seen for any number of years now. >> all right. johnson also says sacks has struggled a bit, though he says the shoe department has been fine. overall holiday growth sales blow ducks is still 2.8% but he says to meet that sales this week today, tomorrow and the weekend have to hit it out of the park, otherwise, he says close to 2%. compared to 5.8% growth a year ago. >> jane, thank you. i was doing some of my own personal channel checks yesterday at saks, they had to shut the shoe department in new york city the shoe department entire store, shut it down
a big year ahead for ceo ron johnson, leads us to craig johnson's list of disappointments, ron johnson's old employer, apple, outside the apple store in the grove yesterday in l.a., yes, you heard me, he dissed apple. well, kind of. a little. >> apple's been -- has had a tremendous success story for any number of years now, but we think in terms of traffic and what we see at the stores, things have peaked out a little bit. so, they will still have a good season, still be up strong double...
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Dec 20, 2012
12/12
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ceo ron johnson remains on the hot see the saet. can he turn the company around in 2013? welcome. it good to you have. are we overstating ourselves to call this one of the worst trades of the year? this certainly has ban disaster. >> it's been a disaster and it will continue to be a disaster. they've made every misstep can you imagine. >> you have no signs of light out of this company? nothing there you look at and say i can get behind this guy? >> the only signs of light you have is he's getting more realistic where he's out of promotions now. again, when you walk through the stores and we've had team go to the scores and you need traffic. though the combination of those two make it devastating. >> we can talk to the traders -- >> at this point i don't. you really need to see fundamental changes. >> and a store concept is not getting any traction sh. >> the store within the shore showed that the sales doublinged in the new jcpenney versus the old jcpenney. they show sales per square footer like $260. macy's who has store within a store but they have coach, great brands, they do l
ceo ron johnson remains on the hot see the saet. can he turn the company around in 2013? welcome. it good to you have. are we overstating ourselves to call this one of the worst trades of the year? this certainly has ban disaster. >> it's been a disaster and it will continue to be a disaster. they've made every misstep can you imagine. >> you have no signs of light out of this company? nothing there you look at and say i can get behind this guy? >> the only signs of light you...
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Dec 13, 2012
12/12
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>> what a run for a company that's been struggling, sales dwindle, less traffic, ron johnson figuring out a way to get this one to be a win ere. the stocks today here is up 7%. why is that? well, nina garcia, call it the nina garcia bongs. basically, nina garcia, a fashionista, involved with elm is a judge on "project runway" posted links from -- on her website to jcpenney, and the concept how they will have stores within the store so this is all their new way to get people to come in, and they are actually doing a few promotional items as well. they wanted to get out of that and phase out so it's a winner. 7% today. that's good. liz: just nearly cut losses in half, markets coming back it looks like, down 61 points after being down more than 90. this is moving on the rioters wire, and republican speaker of the house, john boehner meeting with president obama at the white house today. okay? at 3:30 eastern, not a lot of hours left and daylight here, but getting together according to a white house official. we'll see if the markets make a better comeback at the moment. well off lows, sa
>> what a run for a company that's been struggling, sales dwindle, less traffic, ron johnson figuring out a way to get this one to be a win ere. the stocks today here is up 7%. why is that? well, nina garcia, call it the nina garcia bongs. basically, nina garcia, a fashionista, involved with elm is a judge on "project runway" posted links from -- on her website to jcpenney, and the concept how they will have stores within the store so this is all their new way to get people to...
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Dec 11, 2012
12/12
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he's the stock, up 4%, and this is why because slowly, but surely, ron johnson have been moving and doing price events, and this is what they've deny doing over the holiday season. they are now trying to promote better pricing and promotions, and op co had an out performance, they liked it, and it's bringing foot traffic in, and, also, there's stores within the store, one of their ideas they've put into place. it's so far, so good. they have outperformed, and long term call on the company's turn around prospects, but they are keeping it, and the stock is up 7% for the month of december alone. back to you, liz. liz: a friend of mine said she was switching from tj maxx to jcpenney has the new store. >> really? liz: you never hear that, but maybe mr. johnson's ideas are starting to work. from bond to hollywood, imax hotter than ever with more shot in imax format and tweaked to fit the screen. imax the next big market and opening theaters quickly enough? rich, imax ceo joining us now on the phone in a fox business exclusive with the latest on imax's next big hits. rich, i just look at all of
he's the stock, up 4%, and this is why because slowly, but surely, ron johnson have been moving and doing price events, and this is what they've deny doing over the holiday season. they are now trying to promote better pricing and promotions, and op co had an out performance, they liked it, and it's bringing foot traffic in, and, also, there's stores within the store, one of their ideas they've put into place. it's so far, so good. they have outperformed, and long term call on the company's...
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Dec 14, 2012
12/12
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nicole: it has been under scrutiny for cutting out promotions that ron johnson came on board and tried to do ways of apple and products at low prices, what we are trying to realize is like promotions and getting back and doing that. dave: do they think will go into the 400s? nicole: we ridge talking about analysts, bringing numbers down, but most of the people i've talked to think it is to the upside. liz: event allen has a different story. they're selling u.s. products to china but it took a hit today. they got a downgrade. markets spooked about this.
nicole: it has been under scrutiny for cutting out promotions that ron johnson came on board and tried to do ways of apple and products at low prices, what we are trying to realize is like promotions and getting back and doing that. dave: do they think will go into the 400s? nicole: we ridge talking about analysts, bringing numbers down, but most of the people i've talked to think it is to the upside. liz: event allen has a different story. they're selling u.s. products to china but it took a...
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Dec 13, 2012
12/12
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winsconsin republican senator ron johnson to say so far, i guess, not so good, huh, senator? >> hi, neil, you have one side negotiating in good faith, putting proposals on the table to solve the problems, and the other side not negotiates in good faith, no proposals, the last two budgeted voted on three times, and it's 0-610. that's the problem. you don't have equal partners working in good faith with this. you have republicans working in good faith and the president who is not. neil: i know you're a republican, and that's your point of view, and i understand that, but it is fair to say that you're not without sin or your side's without sin. you have not specified how you are going to get the $800 billion in revenues so while it's on the table, revenues on the table and you are commended for that, it's not as if you're going to great detail. >> well, neil, first of all, neil, the house passed two budgets including proposals to actually save medicare, which is the largest problem in terms of driving down the debt and deficit, and that's the first partnership. the second point
winsconsin republican senator ron johnson to say so far, i guess, not so good, huh, senator? >> hi, neil, you have one side negotiating in good faith, putting proposals on the table to solve the problems, and the other side not negotiates in good faith, no proposals, the last two budgeted voted on three times, and it's 0-610. that's the problem. you don't have equal partners working in good faith with this. you have republicans working in good faith and the president who is not. neil: i...
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republican senator ron johnson, steve smith, to talk about that carbon monoxide leak that sent dozens of kids off to the hospital. and pat houston, whitney houston's sister-in-law and manager will join us to talk about a new book tuesday, december 4th. "starting point" begins right now. >>> good morning. welcome, everybody. ron brownstein joins us this morning, cnn senior political analyst. editor for national journal. bob shrum, and will cain. zoraida is sticking around with us as well from "early start." our "starting point" really is about the frustration and more finger pointing now about this fiscal cliff. 28 days remain before drastic tax hikes and spending cuts take effect. republicans are offering a plan that calls for $2.2 trillion in deficit savings over the next decade, including $800 billion in tax reforms, $600 billion from medicare reforms and $6 billion in spending cuts. the white house said no go to this. why so fast? >> reporter: very quickly because they want republicans to capitulate on increasing tax rates for wealthier americans. the white house is insistent it wo
republican senator ron johnson, steve smith, to talk about that carbon monoxide leak that sent dozens of kids off to the hospital. and pat houston, whitney houston's sister-in-law and manager will join us to talk about a new book tuesday, december 4th. "starting point" begins right now. >>> good morning. welcome, everybody. ron brownstein joins us this morning, cnn senior political analyst. editor for national journal. bob shrum, and will cain. zoraida is sticking around with...
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Dec 7, 2012
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johnson, mike lee, marco rubio, pat toomey rand paul geoff flake, geoff fisher. perhaps his worst was backing todd aiken after todd aikenenths "legitimate rape," he donated to aiken's come pain but his attempts to remake the republican party in his conservative image has errands him actually the scorn of more moderate republicans. washington post columnist jennifer rubin wrote today, quote, "demint has been a destructive force, thread anything to primary colleagues, resisting all deals and offering very little in the way of attainable legislation." she's right. the legislation that he backed was pretty far out there. for example, he pushed a bill that would make it illegal to discuss abortion on the internet, to even discuss it. he wanted to make it illegal for gay people or unmarried women having premarital sex to be teachers at all. he led the opposition to obamacare. he said if he could stop the law from passing, it would quote break the president. he put a hold on the national women's history museum. governor nikki haley will appoint his successor, governor o
johnson, mike lee, marco rubio, pat toomey rand paul geoff flake, geoff fisher. perhaps his worst was backing todd aiken after todd aikenenths "legitimate rape," he donated to aiken's come pain but his attempts to remake the republican party in his conservative image has errands him actually the scorn of more moderate republicans. washington post columnist jennifer rubin wrote today, quote, "demint has been a destructive force, thread anything to primary colleagues, resisting all...
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Dec 7, 2012
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guys like mike lee, ted cruz, marco rubio, ron johnson, pat toomey and rand paul. yeah, rand paul, the man who wants to abolish virtually every government agency and restore the gold standard. with jim demint gone, i guess you could look at rand paul as the de facto leader of the tea party senators. establishment republicans, they ought to be nervous. senator lindsey graham looked like he was in a state of shock on the senate floor today. >> i met with jim demint this morning, and i, to say i was stunned is an understatement. he has always been a friend. somebody i could count on. personally, we've really enjoyed our time together. and i just -- i was stunned this morning. >> the tea party has poisoned, i think, the well of the senate and the republican ideology. the gop is so far out of the mainstream right now you can hardly recognize them from ten years ago. a new quinnipiac poll shows americans support raising taxes on the wealthy 65% to 31%. republicans, i think they're in the wilderness. they face a changing demographical situation in this country they don't
guys like mike lee, ted cruz, marco rubio, ron johnson, pat toomey and rand paul. yeah, rand paul, the man who wants to abolish virtually every government agency and restore the gold standard. with jim demint gone, i guess you could look at rand paul as the de facto leader of the tea party senators. establishment republicans, they ought to be nervous. senator lindsey graham looked like he was in a state of shock on the senate floor today. >> i met with jim demint this morning, and i, to...
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Dec 4, 2012
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for example, the need for what they call a pro-growth economy, like senator ron johnson. let me play for you what he had to say. >> this president simply doesn't understand that and as a result he's going to punish success, put at risk the economic growth that we really need to create jobs, revenue that we need. >> this is sort of the talking point that we've been hearing all along. is there any indication around capitol hill that there is some softening on that? >> i don't even know what that means, putting -- basically, i believe that the argument is that only by decreasing taxes can you lead to growth. there is a lot of historical evidence that that is not necessarily the case. i think the issue for the gchop right now is whether the tax cuts expire for everyone or whether for only those with income over $250,000. >> let me bring in jim from the national journal. jim, we had a little technical problem there. let me ask you about what she said said. can anything be decided at all until a decision is made about who is going to have tax cuts expire if it's just going to b
for example, the need for what they call a pro-growth economy, like senator ron johnson. let me play for you what he had to say. >> this president simply doesn't understand that and as a result he's going to punish success, put at risk the economic growth that we really need to create jobs, revenue that we need. >> this is sort of the talking point that we've been hearing all along. is there any indication around capitol hill that there is some softening on that? >> i don't...
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Dec 8, 2012
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senator ron johnson is on the budget committee. he joins us. good evening, sir. >> greta, how you doing? >> greta: very well, and calling the plan a joke, i guess he is not going to beat around the bush for us. >> unfortunately, greta, president obama pretty well holds all the cards in this negotiation. if he wants to have tax increases or tax rates go up, i don't see how republicans can stop him, you know, because everybody's taxes are going to increase if congress does nothing, and president obama is the only person that can sign a bill into law and quite honestly, senator harry reid is the only person in the senate that can pass a bill in the senate as well. it sounds like people like howard dean want everybody's taxes to go up. maybe we should feel fortunate that president obama only wants the top two% to g two percent t. >> greta: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don't believe they'll vote for a rate increase. what we'll vote for hopefully is to extend the current tax rates per
senator ron johnson is on the budget committee. he joins us. good evening, sir. >> greta, how you doing? >> greta: very well, and calling the plan a joke, i guess he is not going to beat around the bush for us. >> unfortunately, greta, president obama pretty well holds all the cards in this negotiation. if he wants to have tax increases or tax rates go up, i don't see how republicans can stop him, you know, because everybody's taxes are going to increase if congress does...
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Dec 18, 2012
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ron johnson of jcpenney. this is a company that had a tremendous number of blunders right out of the gate with just overall optimistic sales and earnings guides. i have no idea why anyone in a turnaround company would have sales or earnings guides. last quarter 26% decline in comp store sales, really had people wondering if this could ever be turned around. the one defense i must mention. i must mention this to you, tyler. this is a company that's in a turnaround. when a company is in a turnaround, i think you must give the ceo a chance. in this case, he came out and he said from the start, it's going to take two or three years or a number of years. >> he's only been there 13 months. herb, i know you're a tough trader. he seems like such a nice man. >> he seems like a really nice man. he's engaging. nice and execution are two separate things. he is really trying to recreate a major retailer. no one has really done it quite like that. will he be able to do it? he could end up as a best ceo down the road. >> no
ron johnson of jcpenney. this is a company that had a tremendous number of blunders right out of the gate with just overall optimistic sales and earnings guides. i have no idea why anyone in a turnaround company would have sales or earnings guides. last quarter 26% decline in comp store sales, really had people wondering if this could ever be turned around. the one defense i must mention. i must mention this to you, tyler. this is a company that's in a turnaround. when a company is in a...
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Dec 15, 2012
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jcpenney because of the attempt to turn the company around by ron johnson, the guy who created the apple store, and best buy because its founder seems hellbent on taking the company private. penney was on the ropes until recently when we learned from manny tirico, right here, the terrific ceo of pvh, phillips venue and izod, you know all those great brands, tommy, calvin klein, that penney's has started to order a ton of merchandise from pvh for its store within a store. in fact, his comments marked the bottom in the stock. as i pointed out at the time, i shopped jcpenney on tuesday and it was actually quite nice. i had lost this really good hat. if anyone knows my hat, please give it back to me. i went to buy it and they were all out of them. at $21 jcpenney can go higher even without additional news. best buy, i think the fundamentals here are on the decline. it feels terminal to me. so it seems a little ridiculous to own the stock. just as i think it's a little ridiculous that schultz, the founder, can get the financing to make the takeover that he so desperately seems to want to do.
jcpenney because of the attempt to turn the company around by ron johnson, the guy who created the apple store, and best buy because its founder seems hellbent on taking the company private. penney was on the ropes until recently when we learned from manny tirico, right here, the terrific ceo of pvh, phillips venue and izod, you know all those great brands, tommy, calvin klein, that penney's has started to order a ton of merchandise from pvh for its store within a store. in fact, his comments...
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Dec 18, 2012
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so far jpl jcpenney's ron johnson, zyngas mark pincus, antonio perez. who is next? >> this was tough. i ank rishd over it. the runner up. steve ballmer of microsoft. windows 8 was not quite the home run people thought it was going to be. one thing people don't understand, 25% of sales, only 25% of sales. windows is the face of the company. there have been so many miss steps along those lines, as if microsoft has become more of a follower than a leader. what you now have is a company with a bunch of cash that is sort of more like utility but with this really meager 3.4% yield, not even special dividend. look, by putting ballmer on this list, i believe it puts that management question of microsoft front and center. guys. >> interesting stuff. i'm sure you agonized over it, herb. don't go anywhere. i would like to dive more into this. does steve ballmer believe or belong on herb's naughty list. let's bring in ed maguire, microsoft analyst. ed, you heard herb and with the exception of a few brief blips above and below, this is a stock that's been stuck between $20 and $
so far jpl jcpenney's ron johnson, zyngas mark pincus, antonio perez. who is next? >> this was tough. i ank rishd over it. the runner up. steve ballmer of microsoft. windows 8 was not quite the home run people thought it was going to be. one thing people don't understand, 25% of sales, only 25% of sales. windows is the face of the company. there have been so many miss steps along those lines, as if microsoft has become more of a follower than a leader. what you now have is a company with...
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Dec 10, 2012
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has ron johnson finally come around? or too little too late john karner? >> i was a buyer into the story line. when i saw bill akman give his presentation on how jc penney would turn things around with no more coupons, i bought the idea. so the the fact that he is backing down now, made me questioned kwe his lehis leadership. >> i would like to see an about face from johnson. he said no coupons. if he is changing his strategy, i would like him to come out and apologies. it is like lipstick on a pig. in any e-mail this morning, they today farm this house to something bigger than my friends and family. >> he was brought into a no coupon strategy. get rid of them if it doesn't work. >> let's move on to "the new york times," regarding that bloomberg ear company might make a bid for the financial times. or digital property like linkedin. the mayor will move on the political stage in a couple of years. maybe wen't to run something really big. not that he's not now. >>ty, i can actually say this is not out of the realm of possibility. this is something i could se
has ron johnson finally come around? or too little too late john karner? >> i was a buyer into the story line. when i saw bill akman give his presentation on how jc penney would turn things around with no more coupons, i bought the idea. so the the fact that he is backing down now, made me questioned kwe his lehis leadership. >> i would like to see an about face from johnson. he said no coupons. if he is changing his strategy, i would like him to come out and apologies. it is like...
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what this dramatic change in pricing strategy spells out for its ceo ron johnson and his future. and of course, the stock, we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> it is time now for our top three trades on halftime. first up, goldman sachs downgrading the cme group to a sale from neutral. saying 2013 will be a rough stock for changes. >> it has been a tough
what this dramatic change in pricing strategy spells out for its ceo ron johnson and his future. and of course, the stock, we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. americans are always ready to...
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Dec 29, 2012
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joining us now with reaction as america is on the brink republican senators pat toomey and ron johnson. senators, welcome back. >> hi, sean. >> hi, sean. >> sean: let's start with the meeting today. senator toomey, i'm told that the president wassed adamant n the meeting and didn't come off, are the original request was to keep tax rates at the same for the middle class but everybody above $250,000 going up. is that what you heard? >> i haven't heard about specific elements of the conversation, sean, i wasn't in the room. what i do understand from people who were there is that is sounds for the first time like the president is actually engaged and actually would prefer that we not go over the cliff. clear previously.en leer the fact that mitch mcconnell is vouched in discussions is encouraging if something can't pass the senate with a lot of republican votes it is not going to pass the house either. i think for the first time we see some constructive engainlment at least. >> sean: i heard a little different story than senator toomey and that is that a lot of what we are seeing told is
joining us now with reaction as america is on the brink republican senators pat toomey and ron johnson. senators, welcome back. >> hi, sean. >> hi, sean. >> sean: let's start with the meeting today. senator toomey, i'm told that the president wassed adamant n the meeting and didn't come off, are the original request was to keep tax rates at the same for the middle class but everybody above $250,000 going up. is that what you heard? >> i haven't heard about specific...
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Dec 18, 2012
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penney's ron johnson. his sin, way too optimistic in offering up guidance on what supposedly is a turnaround. the result of a promising and underdelivering. the reason he's not winner of this list is because you have to give him a chance to see if he can actually pull penney out of the hole. next is really a tough one, one i really anguished over and thought this guy might be number one and that is steve ballmer of microsoft. after years of missteps and playing follow the leader and the windows part of business, which is really only 25% of revenue, windows 8 was the trigger. it just simply hasn't knocked the cover off the ball, and that's after years, as i say, of missteps in this side of the business. in the end, however, the worst ceo easily is groupon's andrew mason. this has been nothing short of a disaster. and from a ceo standpoint i would suspect many would look at him and say a joke, an expensive joke for those who bought in early on the stock, and as i've previously said, this now appears to be a
penney's ron johnson. his sin, way too optimistic in offering up guidance on what supposedly is a turnaround. the result of a promising and underdelivering. the reason he's not winner of this list is because you have to give him a chance to see if he can actually pull penney out of the hole. next is really a tough one, one i really anguished over and thought this guy might be number one and that is steve ballmer of microsoft. after years of missteps and playing follow the leader and the windows...
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. >> let me play what senator ron johnson said on cnn just this morning regarding the president and what he says the president is not understanding here. let's play it. >> this president just simply doesn't understand that, and so as a result he punishes success. we put at risk the economic growth that we really need to create the jobs, to create the revenue we need. >> you hear some republicans, a senator saying that the president does not somehow get economic growth. a lot of them focusing in on stimulus money the white house wants as a part of this deal. what is your response? you've got polls that indicated the exit polling right after the election that most americans were in support of people who make over $250,000 paying a higher tax. they have confidence in this economy, perhaps the reason that your party saw success in the election. what do you make of this notion that, again, some republicans say the president doesn't get small business or economic growth somehow? >> well, i think the american people roundly rejected that. they think the president gets it. that's why they voted
. >> let me play what senator ron johnson said on cnn just this morning regarding the president and what he says the president is not understanding here. let's play it. >> this president just simply doesn't understand that, and so as a result he punishes success. we put at risk the economic growth that we really need to create the jobs, to create the revenue we need. >> you hear some republicans, a senator saying that the president does not somehow get economic growth. a lot...
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Dec 27, 2012
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what is remarkable to me, stephen weiss, is that a lot of analysts are finally getting behind ron johnson and his style, because jcpenney has reverted back to its promotion always, which didn't work in the first place. >> it's mind boggling he still walks around with a halo. why you would ever want to go near this stock, even if they turn it around, it still selling at 20 times fiscal numbers. going to have to raise equity, versus now given what we've seen, the carnage. you have macy's at less than ten times next year and there's no turn around. so, why buy it? i still say sell it. ten bucks written all over it. go somewhere else. >> are you with weiss? >> i'm not in jcpenney at all right now. i'm long macy's. when you look at jcpenney, i want to short the name. so, you saw when it started to rally back about four months ago, it went from 26 to 31 on a rumor. that's short covering there. so, this is a tough name to be short. because there's so much short -- >> i'm no longer short. i covered in the high teens. >> the one thing we didn't mention on yesterday's show was the long, the pending
what is remarkable to me, stephen weiss, is that a lot of analysts are finally getting behind ron johnson and his style, because jcpenney has reverted back to its promotion always, which didn't work in the first place. >> it's mind boggling he still walks around with a halo. why you would ever want to go near this stock, even if they turn it around, it still selling at 20 times fiscal numbers. going to have to raise equity, versus now given what we've seen, the carnage. you have macy's at...